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Collegium Says Appeals Court Upholds PTAB's Finding Of Invalidity Of Purdue's 961 Patent Claim
(RTTNews) - Collegium Pharmaceutical, Inc. (COLL) announced Monday that the U.S. Court of Appeals for the Federal Circuit has upheld the judgment of the Patent Trial and Appeal Board (PTAB) in its final decision that Purdue's '961 patent, which Purdue Pharma L.P. has claimed is infringed by Xtampza ER, is invalid.
The Federal Circuit's decision affirming the invalidity of Purdue's '961 patent confirms both that the PTAB had statutory authority to issue its final decision, and that the PTAB did correctly conclude that the '961 patent was invalid.
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Collegium Pharma Partners With Hikma For Authorized Generics Of Nucynta In US
Specialty pharmaceutical company Collegium Pharmaceutical, Inc. (COLL) announced Monday it has entered into an authorized generic agreement with Hikma Pharmaceuticals USA Inc., pursuant to which Hikma will have the exclusive right to sell the authorized generic versions of Nucynta and Nucynta ER in the United States.
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FTSE 100 Falls Amidst Israel-Iran Conflict
Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
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Eurozone Trade Surplus Declines To 3-Month Low
Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
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Geopolitical Tensions Drag Down CAC 40
An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
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Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down
Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
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Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions
Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
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Eurozone Industrial Output Falls For First Time In Four Months
Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
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DAX Drops Amid Middle East Tensions
The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange slipped more than a percent on Friday as the sharp escalation in the Middle East conflict rattled global markets.
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